Basis of calculation. DBCT Management must use the information contained in each Cargo Manifest and Product Shipment Notice as the basis of calculating charges payable under this Agreement.
Basis of calculation. 26.1 All interest and commitment and utilisation fees shall accrue from day to day and shall be calculated on the basis of the actual number of days elapsed and a year of 360 days or in accordance with the then current market practice in the Inter-bank Market.
Basis of calculation. All computations of interest based on the Base Rate at times when the Base Rate is based on the Prime Rate shall be made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all other computations of interest and fees shall be made by the Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
Basis of calculation. Overtime rates are calculated on the basis of normal hourly rates both for hourly paid workers and for workers in a full-wage scheme, see clause 7.1. For piecework, overtime supplements are calculated on the basis of piecework earnings.
Basis of calculation. Interest shall accrue from day to day and shall be calculated in the case of sterling on the basis of a year of 365 days (or, in the case of dollars or euros, 360 days or, in any case where market practice differs, in accordance with market practice) and the actual number of days elapsed (not counting within any Interest Period the last day of that Interest Period). If the basis of accrual of interest or any other amount expressed in this Agreement in respect of sterling shall be inconsistent with any convention or practice in the London Interbank Market for the basis of accrual of interest or any other amount in respect of euro, such expressed basis shall be replaced by such convention or practice with effect from the date (if any) of conversion of sterling into euro in accordance with EMU legislation.
Basis of calculation. The pension contribution is calculated on the basis of the taxable salary.
Basis of calculation salaried employees The salaries of employees shall be paid fortnightly and the gross salary for a full pay period is calculated as 14/365ths of the annual salary rate. For broken periods the calculation is the number of days due multiplied by the annual rate and divided by 365. Gross salary comprises all salary and allowances (temporary and permanent).
Basis of calculation. All computations of fees and interest calculated on a per annum basis shall be made by the Lender on the basis of a 360 day year for the actual number of days elapsed.
Basis of calculation. 11. The method of calculation of the Consultant’s Fees (time charge, percentage, lump sum or other) and the timing of any payment to the Consultant (monthly, interim, final account or other) shall be as set out in the Instruction.
Basis of calculation. All computations of interest based on the Base Rate shall be made by the Agent on the basis of a year of 365 or 366 days, as the case may be, and all other computations of interest and fees shall be made by the Agent on the basis of a year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest or fees are payable. Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest error.
